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CLOSING OF BANK CAUSES FERMENT AT NORTHAMPTON
Trust and Newcomb the Topics of Discussion By Staff Reporter Northampton, March 28 This Hampshire county city was seething today, following the closing its "White bank," the Hampshire County Trust company, by Roy Howey, state banks. Significant little *groups business men, gathered here and there in shops and along Main street, the could overheard discussing the startling of "Dick" Newcomb's defalSome Criticize Mayor that of Mayor, Homer Bliss ing special meeting of finance Wednesday the purauthorizing withdrawal $50,000 the city's total deposit at the bank, today's closing. of the bank prominent said the had "hurt the nity." Mayor Bliss explains he acted with intention of prointerests. Interesting sidelights were being among them 32 Waryears County bank and the Hampshire Savings bank, with sum similar amount to that the present instance. The Hampshire County Trust comoutgrowth the shire County National John W. the and judge the played prominent part the the time Warner's Judge Richard Irwin Benjamin Cook were the retime. Ales of The for 1898 call of depositors old Savings bank, time misuse included among those signing name of Homer Bliss, the city's will be in case, was for pay that obtained the through the First National bank for the pay roll school teachers. The city advertises each for bids and year the funds have bank. Report of Boston Interest in Bank Reports current that the Old Colony Boston had taking over the institution. director the County Trust company told of The Republican that made directorate last year $250 per share with the required guarantee least He had voted offer felt unfair the stockholders. Phillip officer Old Colony Boston, denied tonight. that Mis bank had any interin the local bank. quietly during the the learned One man military circles, said have driven Boston night obtain drawal almost representing funds on deposit at the bank, by military which That small positors, not the were caught unawares appeared certain. with many ofthe city's principal industries at employment, cases light positors unable obtain part of their savings made during days. industrial today stated his belief that Newcomb "wishing be considered fellow, He pointed to action of chestra in tearing up checks tendered rendered orNewcomb Offered Different Job President Ralph Hemenway, whose head the bank is less than year, derstood urged cently another position the bank's staff, but Newcomb satisfaction he held. This vouched one bank's oday. Hemenway, partner former President elected succeed Gordon the bank's principal officer from 1922 Mr Hemenway before taking office List of Directors
The statement of condition December 31, 1929, lists the Robert Edwards, Edward Finn, Ralph Hemenway, Manning, Pelissier Putnam Arthur Witherell, all of Bard well of Whately, Earle Caldwell Florence, Charles Clark Leeds, William John Ryan Hatfield, Peter North Hadley, Johnson and Roger Warner Sunderland. Its resources and liabilities on the above date were given Cash, bonds, ing house $63,019.90. resources, Liabilities: Deposits, bills payable capital, $150,profits and $22,415,78. Total liabilities,
